Endurance International Group Hldgs Inc (EIGI) Releases Earnings Results, Misses Expectations By $-0.10 EPS

Endurance International Group Hldgs Inc (EIGI) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.16 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $0.26. The company posted revenue of $253.00 million in the period, compared to analysts expectations of $255.04 million. The company’s revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Many Wall Street Analysts have commented on Endurance International Group Hldgs Inc. Endurance International Group Hldgs Inc was Resumed by Credit Suisse to “Outperform” on Apr 4, 2016. Endurance International Group Hldgs Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 28, 2016. Goldman Resumed Endurance International Group Hldgs Inc on Mar 1, 2016 to “Neutral”, Price Target of the shares are set at $11.

Endurance International Group Hldgs Inc opened for trading at $10.78 and hit $10.93 on the upside on Monday, eventually ending the session at $10.73, with a gain of 0.19% or 0.02 points. The heightened volatility saw the trading volume jump to 2,29,880 shares. Company has a market cap of $1,475 M.

In a different news, on Apr 4, 2016, Timothy S Mathews (Chief Accounting Officer) sold 925 shares at $11.20 per share price. According to the SEC, on Apr 4, 2016, Ronald Lasalvia (President and COO) sold 4,195 shares at $11.22 per share price. On Apr 4, 2016, David C Bryson (Chief Legal Officer) sold 1,575 shares at $11.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Endurance International Group Holdings Inc. (Endurance) is a provider of cloud-based platform solutions designed to help small and medium-sized businesses (SMBs) succeed online. Leveraging the Company’s technology platform it serves approximately 4.1 million subscribers across the globe with an integrated suite of over 150 products and services that help SMBs get online get found and grow their businesses. The products and services available on its platform include domains Website builders Web hosting email security storage site backup search engine optimization (SEO) and search engine marketing (SEM) social media services Website analytics mobile device tools and productivity and e-commerce solutions. It conducts operations in the United States Brazil India and the United Kingdom. It also has third-party contract support services assisting customers in China and Singapore.

Endurance International Group Hldgs Inc

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